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The Argentine central bank approved four measures effective June 18, including raising reserve requirements by 5 percentage points in stages to absorb about ARS100 billion in liquidity. It also cut the limit on net foreign currency positions and introduced new spot FX tender mechanisms.
Tighter peso liquidity and FX rules aim to stabilize the currency, which can reduce the urgency of farmer and exporter selling, but the policy is a monetary response rather than a direct change in crop supply.
bcra.gob.arArufe Maria LauraJun 18, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
